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Nov 30, 2012
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if the goal of the cliff. -- if we go off the cliff. caller: what about the other rates? host: we have a question on twitter. guest: you don't pay taxes on losses. if you're making profits and a picture up over to roger $50,000, that could result in a tax increase -- if you make a you overd that takes you ovkics $250,000. caller: we need jobs in this country. i hear all this money being talked. the average worker -- i am lucky i get 30 hours. 20 hoursutting down to walmart.t i had a good manager. in.otice a woman comes the she says we can get anybody to work. you talk about the tax credits. most of us have no chance of getting anything like that. this is too low republicans and democrats. fascism and communism, it was always party first. that's what our country has come to. we have to come together as true conservatives and true democrats and come together. guest: one of the big lessons we should take away -- we should look at whether these tax incentives result in hiring because these are often temporary tax incentives. is is going to
if the goal of the cliff. -- if we go off the cliff. caller: what about the other rates? host: we have a question on twitter. guest: you don't pay taxes on losses. if you're making profits and a picture up over to roger $50,000, that could result in a tax increase -- if you make a you overd that takes you ovkics $250,000. caller: we need jobs in this country. i hear all this money being talked. the average worker -- i am lucky i get 30 hours. 20 hoursutting down to walmart.t i had a good...
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Nov 29, 2012
11/12
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the metaphor of a cliff is misleading. a cliff is something that you step off and fall down. others have used the metaphor of a fiscal slope. on january 1, nothing happens, but people's paychecks will be reduced somewhat. government agencies will have to look at how to trim their budgets. they probably will be able to push of those cuts to later in the year. they can do things so it will not have a drastic impact. everyone expects that congress eventually will reach a deal. i hope it is not after january 1, but it could be. if it is, there is the expectation that eventually congress will wait until the very last minute and then finally reach a deal. with those expectations -- we will mention the amt -- there is an expectation that will be patched, as it is every year. host: to see congress and the president doing the so-called kick the can down the road act? guest: i do not think so. i think the president has been very firm that he is not going to just sign an extension of all the tax cuts, including for the top 2% of earners. he was -- there was no issue that he was more cle
the metaphor of a cliff is misleading. a cliff is something that you step off and fall down. others have used the metaphor of a fiscal slope. on january 1, nothing happens, but people's paychecks will be reduced somewhat. government agencies will have to look at how to trim their budgets. they probably will be able to push of those cuts to later in the year. they can do things so it will not have a drastic impact. everyone expects that congress eventually will reach a deal. i hope it is not...
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Nov 27, 2012
11/12
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should we go off the cliff? caller: no. i believe we should come up with a comprehensive balanced budget plan. and the reason i am not calling it, i believe some people are misinformed about the reason for this deficit. i believe that both democrats and republicans are responsible for this large deficit that we have it. they did have a two different philosophies on how to increase. democrats love to spend. of the same time, republicans tend to borrow and spend a. is impossible to earn less, borrow and spend more and create a surplus. from the republicans' side, i believe if you cut every discretionary spending program, it will not help balance the budget. discretionary spending only represents 10% of the overall budget. host: thank you very much. program note for all of you, the incoming leader of mexico is set for a white house visit today. look for our coverage on c-span .org. they will be getting to the other to talk about trade, immigration and drugs. up next, we will turn our attention to the future of energy policy wi
should we go off the cliff? caller: no. i believe we should come up with a comprehensive balanced budget plan. and the reason i am not calling it, i believe some people are misinformed about the reason for this deficit. i believe that both democrats and republicans are responsible for this large deficit that we have it. they did have a two different philosophies on how to increase. democrats love to spend. of the same time, republicans tend to borrow and spend a. is impossible to earn less,...
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Nov 14, 2012
11/12
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in terms of the cliff, we need to avoid the fiscal cliff. what was the impact of ending the tax break for the wealthier people, and in terms of impact on gdp it was 0.10%. compared to other provisions, it was miniscule, in terms of, for example, a physician reimbursement, not having an impact on the minimum tax -- it was miniscule. the notion that senator mitch mcconnell repeated again yesterday, that we need to extend tax cuts for the very wealthy because of job creation, that is not correct. he talked about small business. 3% of business makes more than $250,000. 3%. we need to have a balanced approach. the president is right and the people have spoken. host: republican in centerville, virginia. well compared which wellcome. -- welcome. caller: thank you for your service. you mentioned the people reelected the president. i am one of the 58 million people that voted for governor romney my question is do you hear our voices? the democratic party speaks about compromise. do you hear the voices that we have put across to you guys? at this poin
in terms of the cliff, we need to avoid the fiscal cliff. what was the impact of ending the tax break for the wealthier people, and in terms of impact on gdp it was 0.10%. compared to other provisions, it was miniscule, in terms of, for example, a physician reimbursement, not having an impact on the minimum tax -- it was miniscule. the notion that senator mitch mcconnell repeated again yesterday, that we need to extend tax cuts for the very wealthy because of job creation, that is not correct....
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Nov 21, 2012
11/12
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does go off the fiscal cliff. did ben bernanke say anything yesterday about what he could do if the u.s. goes off a cliff in january? guest: he was pretty clear that the fed is doing what it can do now. whatever damaged baby caused by the fiscal cliff, the fed is really going -- is not going to be able to offset that much. it is doing what it can now. if congress does something to make the economy worse, the fed will do whatever it can. it will not have the power to do much to offset whatever damage is done by going off the fiscal cliff. host: thanks so much for joining us this morning. guest: thank you. host: we want to play a few of ben bernanke's comments from yesterday. [video clip] >> the federal budget is on an unsustainable path. the budget deficit which peaked at about 10% of gdp in 2009 and now is 7% of gdp is expected to narrow further in the coming years as the economy continues to recover. the cbo projects that under a plausible set of assumptions, the budget deficit would still be greater than 4% of g
does go off the fiscal cliff. did ben bernanke say anything yesterday about what he could do if the u.s. goes off a cliff in january? guest: he was pretty clear that the fed is doing what it can do now. whatever damaged baby caused by the fiscal cliff, the fed is really going -- is not going to be able to offset that much. it is doing what it can now. if congress does something to make the economy worse, the fed will do whatever it can. it will not have the power to do much to offset whatever...
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Nov 18, 2012
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fiscal cliff forces party to consider a compromise. this piece points out there's no time for contemplation here at the edge of washington's fiscal cliff as republicans like john baner have not months or weeks but days to decide if they overturn decades of party orthodox and tax increases to head off something worse across the board spending cuts and tax increases that could throw the economy into a recession. look at the overall debt in excess of 16 trillion dollars. part of the debate whether or not social security and medicare should be on the table. seed on the phone from buzzard's bay. republican line. >> good morning. steve, we've got so many groups and caucus they're all saying now you have your it's time for me to have mine. once that group gets what they want the next group says, well the first two got what they want and this is what we want. this, i don't see this ending. it's very sad situation and unfortunately i don't see much of a future as long as we have all these groups and caucuses. can i give you constructive critici
fiscal cliff forces party to consider a compromise. this piece points out there's no time for contemplation here at the edge of washington's fiscal cliff as republicans like john baner have not months or weeks but days to decide if they overturn decades of party orthodox and tax increases to head off something worse across the board spending cuts and tax increases that could throw the economy into a recession. look at the overall debt in excess of 16 trillion dollars. part of the debate whether...
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Nov 28, 2012
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host: house members are holding meetings today on the fiscal cliff. alan simpson and erskine bowles will be addressing the fiscal cueva. and president obama round 11:30 a.m. eastern time will be holding an event with middle- class americans who will be impacted if negotiations do not lead to some kind of grand bargain. look for coverage of all our guns on c-span.org. linda in tennessee, republican of kalla. caller: it was obama who said do not raise taxes. it was the democrats who voted to extend the bush tax cut. for years, we have heard them say tax cuts for the rich. now we find out there were also a tax cut for the middle class and the port. -- and support. -- the poor. people who have never paid into social security or met -- or disability are getting on welfare. 16,000 a month are getting added into social security and medicare who have never paid a dime. host: linda, we are talking about the bush era tax cuts, focusing specifically this morning on the income tax cuts under the bush administration that were extended under the obama administratio
host: house members are holding meetings today on the fiscal cliff. alan simpson and erskine bowles will be addressing the fiscal cueva. and president obama round 11:30 a.m. eastern time will be holding an event with middle- class americans who will be impacted if negotiations do not lead to some kind of grand bargain. look for coverage of all our guns on c-span.org. linda in tennessee, republican of kalla. caller: it was obama who said do not raise taxes. it was the democrats who voted to...
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Nov 25, 2012
11/12
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there is a question on whether the fiscal cliff would hurt. it says -- our question for you this morning is whether the states should have a stake of in negotiations. looking more in the story "the new york times." it says -- some of the benefits states could receive, nobody is retained that president obama and republicans in congress will fail to reach an accord because they feel -- they fear that the resulting combination of spending cuts and tax increases could prompt another recession, which their states can ill afford. let's go to houston, texas and hear from barry. caller: high. host: am i:should sit seven role in the negotiations? we are hearing about how republicans and president obama are negotiating. caller: i think the democrats should have some form of a democratic rip -- rip at the table. i believe everybody should be involved. it has gone on too far like this without points being made. our domestic investment needs to be saved. they need to cut the military spending down and preserve the safety nets. raise the taxes up and let's
there is a question on whether the fiscal cliff would hurt. it says -- our question for you this morning is whether the states should have a stake of in negotiations. looking more in the story "the new york times." it says -- some of the benefits states could receive, nobody is retained that president obama and republicans in congress will fail to reach an accord because they feel -- they fear that the resulting combination of spending cuts and tax increases could prompt another...
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Nov 13, 2012
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i say, let the fiscal cliff happen. let the american people experience what the chinese experience when mao had 60 million of them starve to death. host: can i get your thoughts, as a republican, of the front page of "the financial times." "republicans shift stance over taxing the wealthy." host: what do you think? caller: i believe that jesus said it best, let cesar be thatr, and what is god's, is god's. when they put the income-tax system in, they should have put it in the constitution that there is a ceiling to it. just like a minimum wage, there should be a maximum wage. i do not think that any politician should be getting more than $1,000 per week, because let's face it, i do not see anyone in the private sector earning more than that unless they are a high paid guest:. -- high paid ceo. they say they get these degrees, go to school? fine. $1,000 per week. host: "the baltimore sun" has a story, "boehner ways next moves." this is from "the wall street journal." "post office hint of gop path." host: "she fit a profil
i say, let the fiscal cliff happen. let the american people experience what the chinese experience when mao had 60 million of them starve to death. host: can i get your thoughts, as a republican, of the front page of "the financial times." "republicans shift stance over taxing the wealthy." host: what do you think? caller: i believe that jesus said it best, let cesar be thatr, and what is god's, is god's. when they put the income-tax system in, they should have put it in the...
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Nov 8, 2012
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guest: i think that the second to the fiscal cliff. if all of the bush era tax cuts expire without any renewal, and all of the sequestration, across-the-board spending cuts take place, some economists estimate two, three, four points off of gdp, plunging the country into another recession. the best job plan for the president is making sure those things do not happen, and then after that we will see what he proposes again, whether it is a mix of tax cuts for small businesses and stimulus, but that is the primary focus. host: what about the immigration reform, margaret talev? when does that come up? guest: in some ways it already has. you saw the latino turnout, 70%, which set up latino activists saying basically to obama that you owe us. even states like texas and their future, there is discussion about that, but how have -- how fast will that happen with the fiscal cliff and divisions among the republican base and among the democratic party, moderates against liberals, it is complicated to figure out how big you can go with immigration
guest: i think that the second to the fiscal cliff. if all of the bush era tax cuts expire without any renewal, and all of the sequestration, across-the-board spending cuts take place, some economists estimate two, three, four points off of gdp, plunging the country into another recession. the best job plan for the president is making sure those things do not happen, and then after that we will see what he proposes again, whether it is a mix of tax cuts for small businesses and stimulus, but...
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Nov 26, 2012
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they want the fiscal cliff. it does essentially what they wanted to do, which is to raise taxes and impose a bunch of reductions in military spending. we all know that raising taxes on the rich will not raise enough money to substitute for a dollar rates on middle-class. -- raise. no tax on the super rich would ever recover enough money to even begin averting the financial clip. no reduction in foreign aid -- it is just less than 1% of the federal budget -- can address the fiscal cliff. we need to begin talking exactly the opposite of the way the federal government has worked so far. simply by starting with a budget on what we expect the income-tax to be instead of starting with what we would like to spend. that is backwards. you have to start with what you expect your income to be. host: here is what charlotte says on facebook. she says the tax rates are not creating any jobs, so stop talking out of both sides of your mouth, republicans. you can join that conversation on facebook. is with us from texas. caller:
they want the fiscal cliff. it does essentially what they wanted to do, which is to raise taxes and impose a bunch of reductions in military spending. we all know that raising taxes on the rich will not raise enough money to substitute for a dollar rates on middle-class. -- raise. no tax on the super rich would ever recover enough money to even begin averting the financial clip. no reduction in foreign aid -- it is just less than 1% of the federal budget -- can address the fiscal cliff. we need...
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Nov 23, 2012
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yuko while congressional -- while leaders are looking at the fiscal cliff there is a cliff facing the postal service. there is no secret it has these large, looming fiscal issues. i think there are kind of in a way two schools of thought. one would be the gloomy one of the other would be more optimistic. on the gloomy side, you pointed out there has been a decline in the overall business of the post office. we had obviously the huge increase in the use of technology, whether tweets an e- mail, whether electronic payment systems. there has been an overall decline in the volume of mail. this is been part of what i would call almost a perfect storm that faced the post office depot service since 2006. and as you alluded to, there has been an aging very large workforce within the postal service. projected there will be difficult in meeting some of the retirement payments, specifically health care, pre- funding them going forward. on the optimistic side, we are in the middle of shopping season. black friday, as you pointed out, sales are up. a good chance of the next few days if you are at
yuko while congressional -- while leaders are looking at the fiscal cliff there is a cliff facing the postal service. there is no secret it has these large, looming fiscal issues. i think there are kind of in a way two schools of thought. one would be the gloomy one of the other would be more optimistic. on the gloomy side, you pointed out there has been a decline in the overall business of the post office. we had obviously the huge increase in the use of technology, whether tweets an e- mail,...
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Nov 19, 2012
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i believe we can avoid the cliff. i think it is about -- important to avoid the cliff. it is equally important, if not more so, we achieve some type of grand bargain in 2013 because the structural deficits represent the disease. the fiscal cliff represents the symptom. host: new york city, independent color. caller: thank you for taking my call. mr. walker, i recently heard in the news the congressional research service, a branch of the cbo, released a report entitled "taxes of the economy." to the top economic rates since 1945. in the beginning of the report, at one. essentially it talks about the taxes from the mid 1940's going from 90% in the top marginal rates down to what it is today. it says the analysis of the data suggests reduction in the top tax rates have had little association with savings, investment, or productivity and growth. this just came out in september. its author was a specialist in public finance. i know mitch mcconnell has tried to bury this report because it came out before the election. i wonder if you have any comment on it? this seems to be a
i believe we can avoid the cliff. i think it is about -- important to avoid the cliff. it is equally important, if not more so, we achieve some type of grand bargain in 2013 because the structural deficits represent the disease. the fiscal cliff represents the symptom. host: new york city, independent color. caller: thank you for taking my call. mr. walker, i recently heard in the news the congressional research service, a branch of the cbo, released a report entitled "taxes of the...
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Nov 15, 2012
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the fiscal cliff is the same problem. look at what the conservatives do when the republicans are in charge. the spending continues. the federal reserve keeps on bailing out the rich. republicans defended the rich. they both defend welfare for the rich. they bailout the very wealthy and the bankers in this crisis. but the people lost jobs and they lost their houses. if we can blame the democrats or the republicans for the problems, we are not going to solve the major crises we are involved in. host: we have a question on twitter. guest: no, i don't. republicans and democrats are in charge. they have control of the system. we send kids to afghanistan and iraq. we do not have real freedom here. if i had not run as a republican, i would not have been in the debates. i would not have been able to get any coverage. you cannot get on the ballots because of the system. it is important they do their best to express themselves and show how they come up short in how the system works. it is impossible to compete under the rules today
the fiscal cliff is the same problem. look at what the conservatives do when the republicans are in charge. the spending continues. the federal reserve keeps on bailing out the rich. republicans defended the rich. they both defend welfare for the rich. they bailout the very wealthy and the bankers in this crisis. but the people lost jobs and they lost their houses. if we can blame the democrats or the republicans for the problems, we are not going to solve the major crises we are involved in....
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Nov 12, 2012
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you could still go over the cliff. host: anything else on the agenda this week, as negotiations kickoff? caller: tomorrow night this will be the first time that lawmakers are on capitol hill since september. basically, lawmakers will be talking amongst themselves about negotiations with the white house. host: stephen sloan, thank you so much for joining us this morning. caller: thank you. host: we're going now to tom, from columbus, ohio. we're discussing the resignation of general david petraeus. your thoughts? caller: i have a couple of questions. the first, i have read where the house, eric cantor knew something about this relationships fairly early on. is there any reason this was not used as material for the republicans to win the election? host: you think that it was a legitimate campaign issue, going back to the timeline of events from "usa today"? going back to the time line -- general petraeus spoke to the source on the same day, that is the time line that was laid out. caller: i think it would have been a cre
you could still go over the cliff. host: anything else on the agenda this week, as negotiations kickoff? caller: tomorrow night this will be the first time that lawmakers are on capitol hill since september. basically, lawmakers will be talking amongst themselves about negotiations with the white house. host: stephen sloan, thank you so much for joining us this morning. caller: thank you. host: we're going now to tom, from columbus, ohio. we're discussing the resignation of general david...
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Nov 11, 2012
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the president counters the opening bid on the fiscal cliff. it points up the president is the first democratic to win reelection with a plan to raise income taxes and fighting bipartisan congressional leadership for the first time next friday speaking to resolve -- seeking to resolve the fiscal cliff issues. [video clip] >> last year i worked with democrats and republicans to cut $1 trillion worth of spending. i intend to work with both parties to do more. as i said over and over again, we cannot cut our way to prosperity. if we are serious about reducing the deficit, we have to combine spending cuts with revenue. that means asking the wealthiest of americans to pay a little bit more in taxes. that is how we did it when bill clinton was president, and that is the only way we can afford to invest in job training, education, and manufacturing. already i put forward a detailed plan that allows us to make these investments while reducing the deficit by $4 trillion over the next decade. i am open to compromise a new ideas, but i refuse to accept an
the president counters the opening bid on the fiscal cliff. it points up the president is the first democratic to win reelection with a plan to raise income taxes and fighting bipartisan congressional leadership for the first time next friday speaking to resolve -- seeking to resolve the fiscal cliff issues. [video clip] >> last year i worked with democrats and republicans to cut $1 trillion worth of spending. i intend to work with both parties to do more. as i said over and over again,...
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Nov 17, 2012
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i do not think they are prepared to deal with the fiscal cliff. before 1980, the tax system was balanced. at some point they changed the entire thing to benefit the wealthy. what they have done is taken the government workers and they have taken the private workers and made them make the stuff. they are selling stuff to the government workers that benefit the wealthy. the difference between the private sector is and what the government workers and what they make, that is the profit. that is what they do not want to balance the budget. the profit is in the interest of the wealthy. host: at the leadership level there is no interest in fixing these things because of the money involved? caller: yes, that is why you have mass poverty and food stamps. they cannot afford the things they are doing. pour and i worked really hard. a lot of people that are poor and work really hard and they are basically making stuff for the middle class or the government class. do you understand what i am saying? the new york times in their up --uwrite one of the people who
i do not think they are prepared to deal with the fiscal cliff. before 1980, the tax system was balanced. at some point they changed the entire thing to benefit the wealthy. what they have done is taken the government workers and they have taken the private workers and made them make the stuff. they are selling stuff to the government workers that benefit the wealthy. the difference between the private sector is and what the government workers and what they make, that is the profit. that is...
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Nov 16, 2012
11/12
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we will continue this discussion on the fiscal cliff negotiations in congress. will be right back. ♪ >> suspend invites middle and high school students to send a message to the president -- c- span invites middle and high school students to send a message to the president for a chance to win the grand prize of $5,000. the competition is open to students grades 6 through 12. for complete details, go online. >> vice president for literally 82 days. harry truman presided over the senate then that nowadays, the vice president does not bother with that unless his vote is needed to break a tie. truman never learned anything from fdr or his staff. it was a transition with zero knowledge. that does not happen anymore. he got a phone call from the white house. he picked up the phone and at the other and they said get to the white house as soon as you can. he grabbed his hat and dashed out. he had a car of course. they gave him a chauffeur when he became vice president. he went to the white house and was taken upstairs to the second-floor. he was met by eleanor roosevel
we will continue this discussion on the fiscal cliff negotiations in congress. will be right back. ♪ >> suspend invites middle and high school students to send a message to the president -- c- span invites middle and high school students to send a message to the president for a chance to win the grand prize of $5,000. the competition is open to students grades 6 through 12. for complete details, go online. >> vice president for literally 82 days. harry truman presided over the...
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Nov 7, 2012
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goldfarb's take "democrats see a clear advantage to going over the cliff. in january, once the bush tax cuts have expired, democrats will be free to draft their own plans to cut taxes for the middle-class, but not the wealthy, and there republicans to reject it. the recent budget request calls for $1.50 trillion in new revenue over the next decade, primarily by raising taxes and limiting the value of deductions on annual income over $250,000. in the coming days, democrats say, obama is likely to launch a concerted public relations campaign in support of his budget plan, continuing his call for a balanced approach to debt reduction." and a reminder that at noon today, senate majority leader harry reid will be holding a press conference regarding the election and economic issues. c-span will be carrying that live, along with speaker boehner's press conference at 3:30 p.m. eastern time this afternoon. back to greta brawner for more news. >> these are the closely watched races in the campaign cycle. we will start with maine, where independent angus king will be
goldfarb's take "democrats see a clear advantage to going over the cliff. in january, once the bush tax cuts have expired, democrats will be free to draft their own plans to cut taxes for the middle-class, but not the wealthy, and there republicans to reject it. the recent budget request calls for $1.50 trillion in new revenue over the next decade, primarily by raising taxes and limiting the value of deductions on annual income over $250,000. in the coming days, democrats say, obama is...
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Nov 9, 2012
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caller: let's go with the fiscal cliff coming up. my thoughts were my belief is, and i hope somebody calls and corrects me or you correct me, if the fiscal cliff is reached on january 1, the first thing to go would be the bust tax cuts. everything else will be phased in over time. we can let the tax cuts hit. it will then come to the table and negotiate everything else. do not paint a draconian picture of it, even though it is somewhat draconian. i think congress would sit down and negotiate a fair and proper tax code. they do that really want to go back to that. constituents will say they blocked everything for a second term. they are up for election. the election we just had spoke to a major. in this country, it is all about the taxes. host: would you be ok with a short-term bridge? caller: if you consider the fact it will not hit on january 1, everything went up. it stays-- it phases in overtime. host: what if they had a short- term bridge to deal with this at the beginning of next year or do you want it dealt with? caller: they n
caller: let's go with the fiscal cliff coming up. my thoughts were my belief is, and i hope somebody calls and corrects me or you correct me, if the fiscal cliff is reached on january 1, the first thing to go would be the bust tax cuts. everything else will be phased in over time. we can let the tax cuts hit. it will then come to the table and negotiate everything else. do not paint a draconian picture of it, even though it is somewhat draconian. i think congress would sit down and negotiate a...
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Nov 10, 2012
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i want to talk about the fiscal cliff that is up and coming. i want to talk about the positive affects that marijuana can have on the fiscal cliff. it can create state and federal revenue. do you think that marijuana has a positive effect on the upcoming fiscal cliff? host: about the economics of this -- these two marijuana as initiatives -- talk to us about that guest: a don't think these proposals will have anything to do with the fiscal cliff. overall economics of the measures to regulate marijuana like alcohol, but colorado's center for law enforcement can bring as -- in as much as $60 million to the state of colorado. $40 million of that is earmarked to public schools so that can be a boon. there is similar fiscal estimates in washington but i don't have the exact number. the funds that are brought in from that law will go to research for use and abuse prevention. host: we happened to have the numbers from the colorado center on law and policy, the projected tax revenue in marijuana sales in colorado -- $32 million added to the state budge
i want to talk about the fiscal cliff that is up and coming. i want to talk about the positive affects that marijuana can have on the fiscal cliff. it can create state and federal revenue. do you think that marijuana has a positive effect on the upcoming fiscal cliff? host: about the economics of this -- these two marijuana as initiatives -- talk to us about that guest: a don't think these proposals will have anything to do with the fiscal cliff. overall economics of the measures to regulate...
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Nov 2, 2012
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months with the fiscal cliff. congress has created this problem, congress and the white house together. were you have a tax hikes and spending cuts coming at the same time. and simple arithmetic will tell you that putting both of those together at the same time will undoubtedly create a recession. there's no way around that. when you look at confidence among businesses and consumers, it is still fairly depressed among businesses, picking up among consumers. the paul both groups and asked them what congress did nothing? it is fair to say that you would see a rapid withdrawal and support for consumers, with higher taxes, businesses would look at the affects of that answer to pull back themselves. this is a huge problem that if congress does not actually deal with this in a meaningful way in the next few months, and instead just tries to kick the grenade down the road and deal with this as markets force it to, you will not seek meaningful improvement and the economy and the labor market. that is why coming up with a
months with the fiscal cliff. congress has created this problem, congress and the white house together. were you have a tax hikes and spending cuts coming at the same time. and simple arithmetic will tell you that putting both of those together at the same time will undoubtedly create a recession. there's no way around that. when you look at confidence among businesses and consumers, it is still fairly depressed among businesses, picking up among consumers. the paul both groups and asked them...
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Nov 20, 2012
11/12
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how is this being tied to the fiscal cliff? guest: the senate version of the farm bill would cut $23 billion from current estimated spending over the next 10 years. the house version would cut about 35 billion, cutting more from the food stamp program. so the idea of tying the two together is that the congress could use the savings from the farm program as part of the down payment on the fiscal cliff. $23 billion is real money. $35 billion is even more. somewhere in the middle, quite a bit. even if it waited until next year, the likelihood is that the two would still be tied together in some kind of financial legislation. but the thing is if you wait, then you are going to have to renew the farm bill and you're going to lose some of the savings. it is just not clear how it would proceed next year, probably to the disadvantage of the farmers. host: a democrat caller, welcome. caller: good morning. thank you for allowing me to talk. there is a delay. host: we can hear you loud and clear. caller: thank you. i am a democrat and i h
how is this being tied to the fiscal cliff? guest: the senate version of the farm bill would cut $23 billion from current estimated spending over the next 10 years. the house version would cut about 35 billion, cutting more from the food stamp program. so the idea of tying the two together is that the congress could use the savings from the farm program as part of the down payment on the fiscal cliff. $23 billion is real money. $35 billion is even more. somewhere in the middle, quite a bit....
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Nov 24, 2012
11/12
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the facts by -- debt and fiscal cliff on scare tactics. the government can borrow as much as it once. this analogy to greece is like comparing apples to oranges. all kinds of reports by independent -- not a democrat and not a republican -- economists showed that letting the bush tax cuts sunset, cutting defense spending and normal economic growth will reduce most of this so-called deficit. in the long run, it is like blowing up a balloon. at some point, it will burst. in the short run, there is a lot of hype these. talk about uncertainty in the- short-run- -- in the short run, there is a lot of hype. to the i want to get your thoughts. the advisory board for this group includes alan simpson and erskine bowles, famous for the simpson-bowles proposal to reform our economy. let me get your thoughts on simpson-bowles before we throw it to the co-founders. caller: that would talk about issues. one of their ideas is to cut tax rates. that does not make any sense. as the gentleman said, there is also a revenue problem. take a look at third-party,
the facts by -- debt and fiscal cliff on scare tactics. the government can borrow as much as it once. this analogy to greece is like comparing apples to oranges. all kinds of reports by independent -- not a democrat and not a republican -- economists showed that letting the bush tax cuts sunset, cutting defense spending and normal economic growth will reduce most of this so-called deficit. in the long run, it is like blowing up a balloon. at some point, it will burst. in the short run, there is...
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Nov 22, 2012
11/12
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i hope both sides do something about the fiscal cliff. i hope they can find a place to meet in the middle. i think that should be our biggest worry. we have been talking about the national debt for years now. i sure hope they do something. what is your optimism on that? host: more important to hear what you think. what do you do? caller: i am the karaoke king. host: do you saying it or do you have a service? caller: i am a disc jockey, sing, and do impersonations. i provide karaoke for people's birthdays, weddings. check out my web sites. you can sing for free on that web site. host: karaokeking.com. what is the most popular song that people request in karaoke? caller: i think everybody likes -- a lot of people like that song by david alan cole, "you never call me by my name." host: thanks for calling in this morning. trenton, new jersey, on our independence line. caller: good morning. i am optimistic about the future of the united states. we have come through some difficult times in the past, and history has a way of repeating itself. we
i hope both sides do something about the fiscal cliff. i hope they can find a place to meet in the middle. i think that should be our biggest worry. we have been talking about the national debt for years now. i sure hope they do something. what is your optimism on that? host: more important to hear what you think. what do you do? caller: i am the karaoke king. host: do you saying it or do you have a service? caller: i am a disc jockey, sing, and do impersonations. i provide karaoke for people's...
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Nov 4, 2012
11/12
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with the fiscal cliff, are a lot of government workers who live in virginia. with the potential spending cuts and defense cuts coming, it is making employers shaky about hiring. host: if you look at manufacturing in pennsylvania, it mirrors ohio in terms of the employment rate. have you looked at that states? guest: the unemployment rate has not moved a lot. that could be one reason why voters are still trying to decide who to votes 4. right now it is -- that could be one reason why voters are still trying decide who to vote for. construction is still very slow there. host: our focus on the -- is the battle ground states and how the economy is playing out in the states that will determine whether the president is reelected or whether mitt romney is elected as our 45th president. you can join us on our twitter page or send us an e-mail. over the weekend, some new web videos, looting this from the obama campaign. [video clip] >> if obama doesn't win and i did not help, i could not live with myself. >> we have to do it. >> if you are willing to stick with me, if
with the fiscal cliff, are a lot of government workers who live in virginia. with the potential spending cuts and defense cuts coming, it is making employers shaky about hiring. host: if you look at manufacturing in pennsylvania, it mirrors ohio in terms of the employment rate. have you looked at that states? guest: the unemployment rate has not moved a lot. that could be one reason why voters are still trying to decide who to votes 4. right now it is -- that could be one reason why voters are...
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Nov 5, 2012
11/12
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there is the fiscal cliff issues. there's and thomas reform. -- there is entitlement reform. immigration reform is something he is expected to tackle. if mitt romney loses, it will mean he did not win much of the hispanic vote. i think the republican party -- a lot of leaders know that they have to change the way they talk about the immigration issue before they get latino voters to listen to them. there could be an open on immigration reform. president obama when like to build a bigger majority. he is interested in any more to his legacy. host: jenna in new orleans. caller: good morning. i am a registered democrat and of already voted. what did president obama do differently when on day one he was met with obstructionism. there were turncoat democrats that fought him every step of the way. mitt romney did not work in democrats in massachusetts. he had a separate elevator to avoid the democrats. no one knows what mitt romney stands for. no comment on the lilly ledbetter act. host: can you address the issue of the realities of working with a divided congress? guest: there's be
there is the fiscal cliff issues. there's and thomas reform. -- there is entitlement reform. immigration reform is something he is expected to tackle. if mitt romney loses, it will mean he did not win much of the hispanic vote. i think the republican party -- a lot of leaders know that they have to change the way they talk about the immigration issue before they get latino voters to listen to them. there could be an open on immigration reform. president obama when like to build a bigger...
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Nov 3, 2012
11/12
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caller: to fix the debt crisis before we fall off the fiscal cliff. if we do that, i thing that will be a extremely hard recovery on america. also, getting jobs back into the states. caller: carmichael , n.c., on our line for democrats. caller: i am voting for accountants mayor watt/. he has been a good congressman. i remember when we haven't been looking jessie, this country -- i remember when we had him, we were last in every single the republicans talking about -- they are not going to reach across the aisle. thank you for letting me make my comment. ebra, on ourp is db =ebra line for republicans. i am voting for mack. i am an american and a mother. i am voting for mitt romney because i feel that he is an american, he is red, white and blue. he is for this country. it only takes common-sense to know who in the to vote for, to save our country and to save a future for our children. i cannot imagine anyone not wanting someone to have to shell that they are an american or a legal citizen to be able to vote in the most important race of our lifetime, o
caller: to fix the debt crisis before we fall off the fiscal cliff. if we do that, i thing that will be a extremely hard recovery on america. also, getting jobs back into the states. caller: carmichael , n.c., on our line for democrats. caller: i am voting for accountants mayor watt/. he has been a good congressman. i remember when we haven't been looking jessie, this country -- i remember when we had him, we were last in every single the republicans talking about -- they are not going to reach...